HNA Group has agreed to sell Radisson Holdings to a consortium led by hospitality group Jin Jiang International Holdings, according to a Radisson announcement late Thursday.
Marriott’s net income for the second quarter was $610 million, a 25 percent increase from last year.
Foreign hotel companies need to focus on providing better content to 3rd party hotel intermediaries in China in order to step up the conversion rate for their outbound business.
Hotel brands and operators should avoid blindly seeking technology support, only technology matches hotel characteristics will bring real value.
In addition to a competitive discount on hotel rates, IHG Business Edge will connect them to an online networking community of other SME travel buyers from around the world.
In July alone, OYO Rooms signed about 400 franchisees and added more than 25,000 rooms in China.
Hostmaker has raised $25 million in total since its founding in 2014, saying it would use this latest money to acquire smaller portfolio operators and to invest in its technology.
Located in Sydney, Shiji will be focusing on servicing existing customers while growing the customer base in the region.
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